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The deal was with 50 hotels in the country for more than 3,000 rooms across seven cities.

India’s largest hospitality company

OYO Rooms, commonly known as OYO, is India’s largest hospitality company consisting mainly of budget hotels. It was founded in 2013 by Ritesh Agarwal and has since grown to over 8,500 hotels in 337 cities in India, Malaysia, UAE, Nepal China and Indonesia.

“After successfully growing our business in our home markets, India and China, and expanding our presence to nine countries, we are really excited about commencing our operations in our third and potentially the largest home market – Japan, through a joint venture with Yahoo! Japan to form OYO Technology & Hospitality Company, Japan. This new entity will be focused on creating unique living experiences for the Japanese citizens, students, and young professionals, looking for good quality affordable accommodations, starting with our fully managed homes brand, OYO LIFE,” said Ritesh Agarwal, CEO and Founder, OYO, said in a statement.